Cash-strapped budget carrier Go First, which is under a court-directed insolvency process, will raise funds to continue as a going concern, according to the Interim Resolution Professional (IRP) who will oversee the operations and management of the airline.
“We are working on a tight schedule,” Abhilash Lal, IRP, said during a townhall with the staff.
“We have to figure out how best to do it,” he said. “We have to raise the funds to do it and we have to ensure we have the qualified people to do it,” he added. However, there was no clarity either on schedule for payment of salaries pending for the month of April, or about resumption of flight operations which have been suspended since May 3.
